Quarry LP Makes New $149,000 Investment in Axon Enterprise, Inc. (NASDAQ:AXON)

Quarry LP purchased a new position in Axon Enterprise, Inc. (NASDAQ:AXON) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 250 shares of the biotechnology company’s stock, valued at approximately $149,000.

Other hedge funds have also recently made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new position in shares of Axon Enterprise in the fourth quarter valued at about $40,000. Y.D. More Investments Ltd acquired a new position in shares of Axon Enterprise in the fourth quarter valued at about $45,000. Stonebridge Financial Group LLC acquired a new position in shares of Axon Enterprise in the fourth quarter valued at about $53,000. GPS Wealth Strategies Group LLC increased its holdings in shares of Axon Enterprise by 74.1% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company’s stock valued at $56,000 after purchasing an additional 40 shares during the period. Finally, Versant Capital Management Inc increased its holdings in shares of Axon Enterprise by 4,750.0% in the fourth quarter. Versant Capital Management Inc now owns 97 shares of the biotechnology company’s stock valued at $58,000 after purchasing an additional 95 shares during the period. 79.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Axon Enterprise

In other Axon Enterprise news, CEO Patrick W. Smith sold 10,000 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $540.99, for a total transaction of $5,409,900.00. Following the completion of the transaction, the chief executive officer now owns 3,063,982 shares of the company’s stock, valued at $1,657,583,622.18. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeri Williams sold 307 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $552.72, for a total value of $169,685.04. Following the completion of the sale, the director now directly owns 1,627 shares of the company’s stock, valued at approximately $899,275.44. This represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

Axon Enterprise Stock Performance

Shares of AXON stock opened at $602.46 on Tuesday. The company has a market capitalization of $46.90 billion, a P/E ratio of 155.67, a P/E/G ratio of 5.17 and a beta of 1.13. The business’s 50 day moving average is $545.69 and its two-hundred day moving average is $573.85. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a 12-month low of $273.52 and a 12-month high of $715.99.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AXON. JMP Securities reissued an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Craig Hallum downgraded Axon Enterprise from a “buy” rating to a “cautious” rating in a research note on Monday, March 10th. Barclays restated a “hold” rating on shares of Axon Enterprise in a research note on Monday, March 10th. Needham & Company LLC restated a “buy” rating and issued a $600.00 target price on shares of Axon Enterprise in a research note on Wednesday, April 23rd. Finally, Northcoast Research downgraded Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Axon Enterprise presently has an average rating of “Moderate Buy” and an average price target of $626.45.

Axon Enterprise Company Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.